The total outstanding US mortgage debt has exceeded a staggering $15.8 trillion with no signs of slowing down, according to data sourced from the US Federal Reserve. Could cryptocurrency serve as a hedge?
A chart published by the Economic Research branch of the Federal Reserve Bank of St. Louis shows that the total mortgage debt declined considerably between the years of 2008 and 2013, reflecting years of economic slowdown and home-ownership reluctance. However, this trend reversed in 2014, and ultimately resulted in the amount of debt surpassing 2008 levels.
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I am not sure guys if cryptocurrency can really do something with US mortgage debt, or if it's something related. However, the data proves it all that their mortgage debt in the country continues, and it may worsen in more years to come.
Do you guys agree that Bitcoin and other cryptocurrencies will serve as hedges to this situation? Or is it not necessary at all? Would like to hear about your thoughts or reactions about this one.
Cheers!
Topic: Cryptocurrency Shines as US Mortgage Debt Exceeds 2008 Levels - page 2. (Read 236 times)
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